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Welcome Offline Corporate Members to Tekedia Institute

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First, it was not intentional that I do not welcome many of our partners with no websites and LinkedIn profiles to Tekedia Mini-MBA. Let me repeat that you are amazingly appreciated, and I say “WELCOME to Tekedia Institute”. The team sends me the names and I pick some since there are many. This is to thank you for coming to co-share and co-learn with Tekedia Mini-MBA.

But we have a deal here: if you are a corporate member and you have no website, write to our team. They will help you register a domain and also get you a website, at no additional cost. Every year, we buy hosting in bulk and help businesses to get online via Fasmicro Web Hosting.

Yet, no matter what you do, you need to have a website.  The  theme of Tekedia Mini-MBA is “Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies”. The starting point of that Digital Execution is that you must be online.

Again, welcome. Let’s meet in the virtual class on Monday

Welcome Pamtech Group To Tekedia Mini-MBA

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Good People, join me to welcome Pamtech Group under the leadership of Engr. NDUBUISI CHIDOMERE to Tekedia Institute Mini-MBA which begins June 7. With interests predominantly in the energy and automotive industries, Pamtech’s activities encompass the marketing, transportation and distribution of petroleum products, automotive products and services, logistics and diversified investments.

Welcome to our Institute and thank you for the opportunity to co-learn with your team. Find new markets and advance the mission.

Classes begin June 7 – access to the Board today. Register today if you want to join us.

The Danger of Deep Training for Startups

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Beyond the conventional knowledge and skills acquisition from physical and virtual classrooms, employers also expect employees to improve the knowledge and skills through hand-on trainings and seminars. In most cases, both the employers and employees work together towards bridging knowledge and skill gaps in their establishments.

Over the years, several reports and scholarly results have indicated that training increases efficiency and productivity. Arguments have also been that employees with better training have the tendency of having better performance outputs in all ramifications Also, there would be less wastage of scarce resources when personnel are trained properly. Failure to train employees properly and constantly, according to a number of sources and experts, will lead to poor job performance and increase levels of work-related stress.

These two schools of thought have arguably led to increase in training spending across organisations throughout the world. Among the varied categories of organisations [profit-making and non-profit making], startup businesses have been found to always train their employees. This has largely been premised on the fact that startups need to constantly refine their processes, reskill and upskill people towards sustainable value creation, delivery and capturing. This is important in markets where competition is high and essential that employees improve on their leadership, communication, collaboration and role-specific skills.

A source has it that “training and development is most effective when implemented strategically, which involves content development, method of delivery, and integration of technology.” Our checks reveal that businesses use internal and external training approaches. When the internal approach is adopted, team leads and heads of departments oversee reskilling and upskilling of their junior ones.

In some situations, junior ones also train themselves on hand-on skills. We have also seen Chief Executive Officers leading training sessions. This is not a bad idea as long as it increases institutionalisation of corporate culture and eliminates senior employees’ norms and traditions of creating a toxic environment for the junior ones.

Our analyst notes that it is expected of the Human Resources Department or any department assigned with the responsibility of ensuring the skills development and growth of every employee to identify gaps in knowledge and skill application before suggesting training programmes or courses.

However, too much of training for employees, according to our analyst, without piecemeal application before another training is not healthy for startups. Experience has shown that entry level employees usually have challenges in comprehending training outputs and applying them when trainings are not done systematically using distance schedule method [DSM].

Our analyst suggests that startups need to consider quarterly, bi-annually and yearly training when it is highly imperative for the process reengineering and people’s reskilling and upskilling. The expectation is that companies that follow a quarterly schedule would be able to grow in terms of lead generation, revenue increase and profitability in another quarter when it is obvious that the previous quarter growth in the contexts of these variables was not encouraging. This also applies to using bi-annually and yearly schedules.  According to an expert, “getting into the habit of training [our emphasis] and not applying will make employee go down the slippery slope that leads to procrastination,” which would have severe impacts on value creation and delivery processes.

 

Five HEN Foundation SEED Awardees Receive Full Tekedia Mini-MBA Scholarships

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The Hen Foundation founded by Jamil Eniola, and named as a befitting memorial to his late mother, with the objectives of empowering the needy, has awarded full scholarships to five students to attend Tekedia Mini-MBA which begins on June 7 to end Sept 1, 2021. The Foundation has already offered SEED Awards to these student-innovators for their community projects. We also wish Jamil who celebrates his birthday today, a happy birthday in wealth, wisdom and health, as he serves his community and humanity.

The Foundation has noble aims, to encourage and implement positive change in Nigeria through better and more accessible health care, the achievement of universal education and working towards an empowerment among the underprivileged members of society. Tekedia Institute is honoured to be partnering with the Foundation.

The five scholars joining Tekedia Institute are:

  1. Abigael Omeneke Anaka-Mark
  2. Oluwasolamidotun Kassim
  3. Mubarak Akingboye
  4. Benjamin Adegbenro
  5. Wonderful Osalor

We congratulate them for their innovations and are very confident that co-learning with us will improve their capabilities to execute on their missions.


Full Press Release

HEN FOUNDATION: SEED AWARD for best 5 students with innovative and unique problem solving ideas

Lagos, 31 May 2021:

The Hen Foundation founded by Jamil Eniola and named as a befitting memorial to his late mother, with the objectives of empowering the needy. The foundation has noble aims, to encourage and implement positive change in Nigeria through better and more accessible health care, the achievement of universal education and working towards an empowerment among the underprivileged members of society.

Apart from Mr. Jamil Eniola’s philanthropic activities in Africa, he has also been a veritable source of hope and succor to the needy in the U.K and was among the first people to come to the aid of victims of the June 14, 2017, Grenfell fire disaster in London.

Over the years, HEN Foundation has reached out to thousands of Nigerians in the wake of various crises. We have worked with schools to improve quality of education, empowered women to make them more independent economically.

Some of our recent humanitarian responses in Nigeria include:

  1. Developing primary and secondary school students interest in mathematics by introducing a Math Skill Program across schools in different states of Nigeria.
  2. Cancer Screening/awareness exercise for over 2000 women in partnership with the Cancer Research Centre, University of Ibadan and Femi Gbajabiamila Foundation in Surulere, Lagos State and donations of medical equipment to the UI Cancer Screening Centre.
  3. Empowerment program for women into Small and Medium Enterprise across Lagos State, Nigeria.
  4. Organized Leadership Roundtables plenary session in collaboration with Student Union leaders of University of Ibadan and School Management, theme: “Student Leadership in the 21st century-The critical interface between student government and university administration”

SEED AWARD

In a bid to further accomplish one of our most important goals which is to educate and empower underprivileged members of the society, we came up with the SEED award for the brightest and most innovative students in Nigerian universities who against all odds are trying to bring change to the society by initiating projects that can only be imagined by most people.

S – Students’

E – Enhanced

E – Engagement

D – Development

The selected students for the SEED award were subjected to a fair screening exercise alongside other hundreds of students. The screening was done at different levels and some were dropped as the screening progresses at different stages. The Final 5 selected for the HEN Foundation SEED award who are multi talented students with exemplary innovative projects are:

  1. Abigael Omeneke Anaka-Mark
  2. Oluwasolamidotun Kassim
  3. Mubarak Akingboye
  4. Benjamin Adegbenro
  5. Wonderful Osalor

It is our belief that this opportunity will further enhance their creativity and create a better environment for them to succeed and also build their network. HEN Foundation plans to make this SEED award a regular scheme and create more entrepreneurs in our society.

These entrepreneurs will create more start up businesses with their unique and innovative minds, and they will employ more citizens which will help to reduce unemployment in Nigeria and also contribute to the country’s GDP.

Mr. Jamil Eniola,

HEN Foundation President

This Portfolio Startup Is Outperforming Across Core Indicators

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We have a star and a really fast rising startup in our portfolio, from May update: “in our January update, we disclosed ~$2Mn in trade financing unlocked for platform users. This month, an additional $20Mn has been made available through partnerships with commercial bankers and digital lenders and would be made available to support loan-seeking traders on the platform. This enables the platform to expand its financing capabilities as we approach opening the international trade e-terminal for import/export transactions in August.” Destination: ring the bell.

Join us at Tekedia Capital, and have access to some of the most amazing startups, operating in continental Africa. And if you do, you will read the full update of this startup I quoted above.

Tekedia Capital offers a specialty investment vehicle (or investment syndicate) which makes it possible for citizens, groups and organizations to co-invest in innovative startups and young companies in Africa and around the world. Capital from these investing entities are pooled together and then invested in a specific company or companies.

We invest in mainly technology-anchored companies and are sector-agnostic which means those companies could be operating in any industry, including finance, real estate, education, health, logistics, etc. The opportunity is open for individuals in Africa, Africans in diasporas, global citizens in any place in the world, investment groups and organizations around the world.